I'm seriously thinking of giving up on technical patterns.

Discussion in 'Trading' started by jnbadger, Apr 9, 2023.

  1. jnbadger

    jnbadger

    Call it whatever you want. I don't care if it's a so called niche or not. I enjoy it and it makes me money. I think mean reversion is descriptive enough. If you don't know what that is, it's not my problem.
     
    #11     Apr 9, 2023
  2. Thanks.Interesting post.

    How many years of the 27 would you have been able to trade fulltime,little to no other income?

    If you care to share.
     
    #12     Apr 9, 2023
  3. destriero

    destriero

    There are only two that work and are conditional.
     
    Last edited: Apr 9, 2023
    #13     Apr 9, 2023
    KCalhoun likes this.
  4. jnbadger

    jnbadger

    Don't mind at all. I was usually working odd jobs for the first 10 years. And up until a few years ago, I would be a seasonal driver for UPS just to take a break from the trading grind (a grind which sometimes involve not making much money). But honestly, after I quit drinking is when the ideas and money started to come. I had already been back testing for many years before I quit, but I was NOT a casual drinker. To this day I believe I could've been a full time trader and only a trader when I was just a few years in if I hadn't been drinking. So don't let my time frames discourage you. I wasted so much time because of that shit.

    Oddly enough, there was about a 4 year period in the mid to late 2000's when I was on a team who used automated mean reversion, and I did extremely well. But while most of us were long only, our programmer got caught being short a stock which was being bought out. I was in our branch managers office, and watching those losses pile up on his management machine was just a nightmare. That was our programmers last day of trading, and he took his program with him. Oh well. I'm still long only, just because I can't get the short side to back test well.
     
    #14     Apr 9, 2023
    semperfrosty likes this.
  5. Love the success stories.
    Congrats and keep up the good work!
     
    #15     Apr 10, 2023
  6. I love to hear stories
     
    #16     Apr 10, 2023
  7. zdreg

    zdreg

    You already have enough problems.
     
    #17     Apr 10, 2023
  8. Awesome back story mate!

    Love a good come back! haha

    The booze is a cruel master.
     
    #18     Apr 10, 2023
    jnbadger likes this.
  9. jnbadger

    jnbadger

    I also have enough negativity. We all do. That's why you're now on ignore.
     
    #19     Apr 10, 2023
  10. You have been trading for 27 years and only recently think that you have something with an edge. You deserve a medal for lasting so long lol.
     
    #20     Apr 10, 2023